Genuine Parts Company $GPC Shares Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its stake in shares of Genuine Parts Company (NYSE:GPC) by 87.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,578 shares of the specialty retailer’s stock after buying an additional 1,670 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Genuine Parts were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rossby Financial LCC bought a new stake in shares of Genuine Parts during the 1st quarter worth about $25,000. Olde Wealth Management LLC bought a new stake in shares of Genuine Parts during the 1st quarter worth about $27,000. North Capital Inc. bought a new stake in shares of Genuine Parts during the 1st quarter worth about $28,000. Concord Wealth Partners raised its position in shares of Genuine Parts by 148.7% during the 2nd quarter. Concord Wealth Partners now owns 296 shares of the specialty retailer’s stock worth $36,000 after buying an additional 177 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of Genuine Parts by 7,950.0% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock worth $38,000 after buying an additional 318 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Naveen Krishna sold 5,303 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $138.12, for a total transaction of $732,450.36. Following the sale, the executive vice president owned 26,112 shares in the company, valued at $3,606,589.44. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

Genuine Parts Stock Down 0.6%

GPC stock opened at $128.38 on Friday. Genuine Parts Company has a 52-week low of $104.01 and a 52-week high of $143.48. The company’s 50 day simple moving average is $136.59 and its 200-day simple moving average is $129.01. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51. The firm has a market capitalization of $17.86 billion, a P/E ratio of 22.10 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. As a group, equities research analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. Genuine Parts’s payout ratio is currently 70.91%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group boosted their price target on shares of Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Truist Financial boosted their price target on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a report on Wednesday, October 8th. Loop Capital boosted their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Evercore ISI boosted their target price on shares of Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and an average price target of $143.33.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.